No-fly zone
Acsa deal still up in the air
A long-running battle between the state, Acsa and some of the airports management company’s minority shareholders may sound alarm bells for private investors looking to partner with the government
In early October, President Cyril Ramaphosa told investors gathered in the venerable Claridge’s Hotel in London that SA is open for business. The government wants to secure R1.2-trillion in investment in the coming years and, along with various efforts to ease policy uncertainty, Ramaphosa reportedly said the state is talking to possible strategic equity partners for some of our beleaguered state-owned entities (SOEs), notably SAA.
But a group of minority shareholders in another state aviation asset, the Airports Company SA (Acsa), believe their experience serves as a cautionary tale to any private investor pondering a partnership with the government...
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